Kazakhstan's Central Securities Depository (KCSD) has gained access to Armenia's securities market, opening new opportunities for investors in both countries. The agreement marks a significant step in strengthening cooperation between the financial markets of the two nations.
The KCSD has officially joined the Central Depository of Armenia (CDA) system by opening a nominee account. This partnership significantly enhances the potential for interaction between the capital markets of Armenia and Kazakhstan.
According to the CDA's press service, clients of Kazakhstan's depository now have direct access to Armenia's corporate and government securities.
Ani Makaryan, CEO of the Central Depository of Armenia, emphasized that this agreement is an important milestone toward integrating the financial sectors of the two countries. It aims to foster the development of capital markets and broaden investment opportunities in both Armenia and Kazakhstan.
The KCSD plans to leverage its membership to provide new investment opportunities for its clients and ensure a high level of connectivity in securities market functions.
Meanwhile, the Central Depository of Armenia, which offers clearing, settlement, asset servicing, and registry maintenance services, also serves as the custodian of Armenia’s pension funds and the registrar of market participants.
